Most Successful IPO Is Dole, Says Poll

NEW YORK (TheStreet) -- Ranking IPOs is tricky business. What seems a strong public offering at first can prove to have no legs; those that start slow can ultimately reveal staying power. So when we asked users of TheStreet to rank which of five latest IPOs was the most successful, the race was tight. Dole Foods(DOLE) won the balloting, with 32.6% of users calling it the most successful IPO, despite the fact that those fresh shares in the company had tumbled 2.7% after their first full week of trading.

The maker of bananas and fresh-fruit cups, saw its initial public offering priced lower than expected last Friday. Dole offered 35.7 million shares at $12.50, a full dollar below the low end of its range of $13.50 to $15, raising $446 million.

The Wynn Resorts(WYNN) IPO of its Macau assets in October on the Hong Kong stock exchange has, inarguably, been one of the more successful.

On Wynn's Macau trading debut, shares rose as much as 13%.

The U.S. casino company sold 1.25 billion shares, or a 25% stake in the Macau business, in the IPO for HK$10.08 a share, the upper end of a price range of HK$8.52 to HK$10.08.

About 27.2% of TheStreet users named Wynn's IPO the winner.